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Escada has filed for bankruptcy of its US subsidiary

A well-known brand of women's clothing and perfumery from Germany appealed to the court of America, having taken the advantage of the provisions of Chapter 11 of the Bankruptcy Code, and declared the insolvency of its North American branch Escada America. The reason for the bankruptcy of the company was a pandemic and difficult negotiations with landlords to reduce rental payments. It is noted that during the process of litigation, many of the company's debts can be challenged. The company's ...

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